Rating billing events in real time according to account usage information

a billing event and real-time technology, applied in the field of billing billing events, can solve problems such as stale data in the accounting system

Inactive Publication Date: 2007-06-19
ORACLE INT CORP
View PDF19 Cites 39 Cited by
  • Summary
  • Abstract
  • Description
  • Claims
  • Application Information

AI Technical Summary

Benefits of technology

[0006]Volume discounting is a powerful marketing tool. Information about a discount makes a potential purchase more attractive to potential customers. Making available information about actual cost provides a useful service to customers, which can increase customer loyalty. Accordingly, it would be advantageous to be able to provide volume discounting information in real time, i.e. when the billing event is received.SUMMARY OF THE INVENTION

Problems solved by technology

A drawback of a batch system is the delays between batches mean the accounting system can include stale data.

Method used

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
View more

Image

Smart Image Click on the blue labels to locate them in the text.
Viewing Examples
Smart Image
  • Rating billing events in real time according to account usage information
  • Rating billing events in real time according to account usage information
  • Rating billing events in real time according to account usage information

Examples

Experimental program
Comparison scheme
Effect test

Embodiment Construction

[0025]Embodiments of the invention are described below with reference to flat-tiered volume discount rating schemes in specific processing systems and methods. However, embodiments of the invention are not limited to flat-tiered rating schemes, and embodiments of the invention can be implemented in various ways. For example, aspects of the invention can be implemented in software or hardware or using special purpose processors or by any other known mechanism. Therefore, the description of the embodiments that follows is for purposes of illustration and not limitation.

[0026]Embodiments of the invention can be used in conjunction with inventions described in pending applications: “Distributed Nonstop Architecture for an Event Processing System”, filed on May 2, 2000, inventors Ravi Shankar et al., application Ser. No. 09 / 562,785, which is hereby incorporated by reference, and “Method and Apparatus for Providing a Clean Accounting Close for Real Time Billing System”, filed on May 14, 1...

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to view more

PUM

No PUM Login to view more

Abstract

A method and system are provided for applying a volume discount scheme and rating transactions accordingly on a continuous basis, in a continuous processing system. At the time of a transaction or potential transaction, a cost including applicable volume discount is provided to a customer with reference to his current accumulated usage. When a customer is shopping on-line or placing a phone order, he can learn what discount he will obtain if he spends an incremental amount. A person using a service can inquire what the discounted cost or applicable rate is for a contemplated transaction.

Description

[0001]The present invention relates to rating billing events, and more specifically to rating billing events in real time according to account usage information.[0002]A volume discount is a discount given when a consumer purchases a large amount of whatever is being sold. For example, a volume discount can be a flat-tiered scheme, with discount rate step-ups at different usage points (“step points”) and a flat rate on each tier. An example is rating phone calls at 10 cents per minute for the first 100 minutes of phone calls in a month, 5 cents per minute for the next 100 minutes that month, and 3 cents per minute for the rest of the month. A volume discount is an example of a usage dependent rating scheme.[0003]In batch processing systems, an event is stored. An aggregation of events (batch) is periodically partially or fully processed. For example, partial processing might include a batch being sent to a central facility nightly. Periodically (typically at a month-end bill creation...

Claims

the structure of the environmentally friendly knitted fabric provided by the present invention; figure 2 Flow chart of the yarn wrapping machine for environmentally friendly knitted fabrics and storage devices; image 3 Is the parameter map of the yarn covering machine
Login to view more

Application Information

Patent Timeline
no application Login to view more
IPC IPC(8): G07B17/00
CPCG06Q20/04G06Q20/10G06Q20/102G06Q20/12G06Q30/04G06Q40/12
Inventor YE, SHALABUDA, DAVID S.
Owner ORACLE INT CORP
Who we serve
  • R&D Engineer
  • R&D Manager
  • IP Professional
Why Eureka
  • Industry Leading Data Capabilities
  • Powerful AI technology
  • Patent DNA Extraction
Social media
Try Eureka
PatSnap group products

Browse by: Latest US Patents, China's latest patents, Technical Efficacy Thesaurus, Application Domain, Technology Topic.

© 2024 PatSnap. All rights reserved.Legal|Privacy policy|Modern Slavery Act Transparency Statement|Sitemap